Back in December, we reported that YouTube lost the ability to offer Warner Music videos on its website. The loss was due to YouTube and Warner Music being unable to reach terms over revenue. The music publisher believed it could no longer accept the level of revenue offered by YouTube while still being able to compensate recording artists, songwriters, labels and publishers.

Now it seems that YouTube and Warner Music have kissed and made up. Warner Music announced this week that it has reached a new and expanded agreement with Google and its subsidiary YouTube. The agreement will not only bring Warner Music content back to YouTube, possibly by the end of the year, but will include an “enhanced user experience” which will include a premium player and enhanced channels.

It’s good to hear that Warner Music and YouTube were able to come back to the table and reach an agreement which will not only benefit both companies, but music consumers as well. YouTube can be an untapped revenue source for publishers. Clearly, it just depends on the terms upon which the music publisher receives that revenue. It seems that Warner Music is happy with the formula under the new agreement.